Market Share of Sri Lanka Telecom Tower Industry
The Sri Lanka Telecom Tower market is fragmented, with the presence of major players like Bharti Airtel Lanka, Sri Lanka Telecom PLC, etc. Players in the market are adopting strategies such as partnerships, agreements, innovations, and acquisitions to enhance their service offerings and gain sustainable competitive advantage.
- July 2024 - Sri Lanka's Telecommunications Regulatory Commission (TRCSL) is set to construct 276 towers. This initiative is designed to enhance mobile broadband connectivity and aid in the rollout of 5G. These advancements are crucial for the government's ambition to elevate the nation's digital economy to a value of USD 15 billion by the year 2030.
- May 2024 - Edotco, an infrastructure subsidiary of Axiata Group based in Malaysia, is currently concentrating on the less regulated, multi-purpose, 5G-ready pole business in Sri Lanka. The company has established over 700 of these sites and achieved a 1.3x tenancy ratio, a key performance indicator (KPI) utilized by tower companies to assess the sharing levels on their towers. With new legislation broadening the market, Edotco and other entities are eyeing Sri Lanka as a lucrative business opportunity.
Sri Lanka Telecom Tower Market Leaders
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Dialog Axiata PLC
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Mobitel (Pvt) Ltd.
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Hutchison Telecommunications Lanka (Pvt) Ltd.
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Bharti Airtel Lanka (Pvt) Ltd.
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Sri Lanka Telecom PLC
*Disclaimer: Major Players sorted in no particular order
